COMMITTED TO CERTAINTY OF EXECUTION, READY CAPITAL CLOSES OVER $800 MILLION IN COMMERCIAL REAL ESTATE LOANS DURING Q3 2022

Rhea-AI Summary

Ready Capital Corporation (NYSE: RC) reported closing over $800 million in more than 60 commercial real estate loans in Q3 2022. This achievement underscores the company's strong market position and ability to provide creative lending solutions even amid economic volatility. Chairman and CEO Thomas Capasse highlighted the firm's commitment to delivering certainty of execution, reiterating client trust in its diverse product suite. Ready Capital specializes in small to medium balance commercial loans, focusing on agency multifamily and SBA 7(a) business loans.

Positive

• Closed over $800 million in commercial real estate loans during Q3 2022.
• Increased client trust and confidence in lending capabilities amidst volatility.
• Diverse product suite enhances competitive edge in the lending market.

Negative

• None.

NEW YORK, Oct. 19, 2022 /PRNewswire/ -- Ready Capital Corporation ("Ready Capital" or the "Company") (NYSE: RC), a multi-strategy real estate finance company that originates, acquires, finances, and services small-to-medium balance commercial loans, today announced that it closed over $800 million across more than 60 commercial real estate loans during the three months ended September 30, 2022.

 "Our clients have confidence in Ready Capital's proven ability to deliver certainty of execution," said Thomas Capasse, Ready Capital's Chairman and Chief Executive Officer. "Even during this volatile period, through our diverse product suite, we continue to offer creative lending solutions enabling us to strengthen relationships with our clients."

About Ready Capital Corporation

Ready Capital Corporation (NYSE: RC) is a multi-strategy real estate finance company that originates, acquires, finances and services small to medium balance commercial loans. Ready Capital specializes in loans backed by commercial real estate, including agency multifamily, investor and bridge as well as SBA 7(a) business loans. Headquartered in New York, New York, Ready Capital employs over 600 lending professionals nationwide. The company is externally managed and advised by Waterfall Asset Management, LLC.

Contact
Investor Relations
212-257-4666
InvestorRelations@readycapital.com

Media Relations
PR@readycapital.com

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SOURCE Ready Capital Corporation

FAQ

What was the total loan amount closed by Ready Capital in Q3 2022?

Ready Capital closed over $800 million across more than 60 commercial real estate loans in Q3 2022.

What strategies contributed to Ready Capital's success in Q3 2022?

Ready Capital attributed its success to a diverse product suite and a commitment to delivering certainty of execution.

How does Ready Capital maintain client relationships during economic volatility?

Ready Capital focuses on offering creative lending solutions, which strengthens relationships with clients even in challenging market conditions.

What types of loans does Ready Capital specialize in?

Ready Capital specializes in small to medium balance commercial loans, including agency multifamily and SBA 7(a) business loans.